123 Cr Defence Order: Small Cap IT Dividend Stock Gains, Offers 347% Return YTD

Multibagger small cap IT Software sector stock, Zen Technologies Ltd shares today witnessed a rally of 2.66% on BSE after it bagged defence order worth 123.3 crore. Zen Technologies shares offered shareholders return of 347% year-to-date and jumped 1042% in last 3-years. Check more details about the order below:

Zen Technologies Shares Gain On Receiving New Defence Order: According to the company's press release available on BSE, "Zen Technologies Limited, a leading provider of military training and counter-drone solutions, is pleased to announce an order win from the Ministry of Defence, Government of India valued at Rs 123.3 crores (inclusive of 18% GST).

"As of June 30, 2023, our order book amounted to Rs 542 crores. During the current quarter, we've successfully secured new orders worth Rs 733 crores, raising our total order book to Rs 1,275 crores (excluding tax). We have not excluded the orders executed during Q2 FY24 from the cumulative order book and they shall be accounted for at the end of the quarter," added the press release.

Zen Technologies Sets Record Date For Dividend: The company fixed September 08, 2023, as the Record Date for the purpose of determining the entitlement of the shareholders for the final dividend. Earlier on May 8, 2023, it declared a final dividend of Re 0.20 per share and it will go ex-dividend in just 3 days on September 8, 2023.

Zen Technologies Stock Performance & Return: Last trading price of Zen Technologies stock is Rs 839.95 per share with intraday gain of 2.66% on BSE. Its 52-week high price is Rs 912.55 per share and 52-week low price is Rs 175.50 per share, respectively. The company has a market capitalisation of Rs 7059.30 crore. Zen Technologies shares soared 99% in last 3-months only, gained 208% in last 6-months, jumped 445% in last 2-years, and witnessed a rally of 13,654% in last 10-years.

Zen Technologies Financials: The company for the quarter ended June 30, 2023 announced a surge of 40.96% in its consolidated total income to Rs 135.13 crore as against its last quarter total income of Rs 95.86 crore. It announced its recent quarter net profit after tax at Rs 48.44 crore.

About The Company: Zen Technologies Limited has expertise in delivering cutting-edge military training and counter-drone solutions. The company specialises in manufacturing state-of-the-art land-based military training simulators, driving simulators, live range equipment, and counter-drone systems. With a dedicated Research and Development (R&D) facility in Hyderabad, recognized by the Ministry of Science and Technology, Government of India, Zen Technologies has demonstrated its commitment to innovation. The company has filed for over 130 patents, of which over 50 have been granted and has successfully shipped more than 1,000 training systems worldwide.

Disclaimer

The stock just highlights the shares rally after it bagged defence order. It is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for ay losses. Please consult a professional advisor.